I bought gold at 4500 and everyone is telling you to sell? Wait—let’s understand the full picture.
The jobs report showed 29K versus expected 84K, and the odds of rate hikes in October have decreased. Gold rose to 4210, then fell below 4138, as bond yields came under pressure and investors took profits.
Next, we watch the 4115 and 4000 levels. Attention is on inflation on October 14 and the Federal Reserve decision on October 28. Softer inflation and lower expectations for rate hikes could support a move back toward 4500, but that isn’t guaranteed.
Don’t make your decision out of fear or because of what people say—consider your need for liquidity and how much drawdown you can tolerate.
This isn’t investment advice, and gold may continue falling.
#ذهب
The jobs report showed 29K versus expected 84K, and the odds of rate hikes in October have decreased. Gold rose to 4210, then fell below 4138, as bond yields came under pressure and investors took profits.
Next, we watch the 4115 and 4000 levels. Attention is on inflation on October 14 and the Federal Reserve decision on October 28. Softer inflation and lower expectations for rate hikes could support a move back toward 4500, but that isn’t guaranteed.
Don’t make your decision out of fear or because of what people say—consider your need for liquidity and how much drawdown you can tolerate.
This isn’t investment advice, and gold may continue falling.
#ذهب